 |
|
| Author |
 Topic  |
|
|
mbay
Germany
1007 Posts |
 Posted - 18 Mar 2009 : 12:00:46
|
The hope was that the next president would likely be opposition leader Andry Rajoelina however Forgetting the men’s with the guns, The armies, the decision makers!
Madagascar fights have broken out. After unconfirmed eyewitness reports, the opposition intimate soldiers the palace of the pressed president Marc Ravalomanana to tried and storm in. some shootings has happens . Mr. Ravalomanana is to have fled. After bloody conflict, lasting for weeks with his rival Andry Rajoelina he had transferred today power to the military. Shortly thereafter by he been arrested mutinous soldiers.
President, Marc Ravalomanana, threw the towel and ceded power to a new military-backed regime after months of street protests and political tensions in the island nation. The presidency is now likely to fall into the hands of Andry Rajoelina, the opposition leader who has enjoyed the support of the Malagasy military, but it's not clear whether this will lead to more uncertainty for companies
Although the fresh-faced Rajoelina is a popular figure, particularly in the capital of Antananarivo, where he was elected mayor in 2007, yesterday takeover of power had all the hallmarks of a military coup. President Ravalomanana had succeeded in holding his rival at bay through somewhat ruthless means over the past few weeks, including ordering security forces to open fire on a street protest in February, but when even the military turned against him and smashed into the presidential palace on Monday, there was little alternative but to stand down.
Madagascar's rich mineral deposits of iron ore and bauxite, as well as Ravalomanana's free-market reforms, have attracted a wave of outside investments since he took power in 2002. However, lately his position had been eroded by allegations of corruption and misrule. Rajoelina has accused his rival of running Madagascar like a dictator, while letting his people starve; most of the island's population lives on less than $2 a day.
Having discarded past socialist economic policies, Madagascar has since the mid 1990s followed a World Bank- and IMF-led policy of privatization and liberalization. This strategy placed the country on a slow and steady growth path from an extremely low level. Agriculture, including fishing and forestry, is a mainstay of the economy, accounting for more than one-fourth of GDP and employing 80% of the population. Exports of apparel have boomed in recent years primarily due to duty-free access to the US. Deforestation and erosion, aggravated by the use of firewood as the primary source of fuel, are serious concerns. President RAVALOMANANA has worked aggressively to revive the economy following the 2002 political crisis, which triggered a 12% drop in GDP that year. Poverty reduction and combating corruption will be the centerpieces of economic policy for the next few years but what come next is not newly in out continent namely the cancer of our . “The corruptions” it does not matter how good they might ware be but soon or later, it will get their brain somehow.
|
|
| |
Topic |
|
|
|
| Bantaba in Cyberspace |
© 2005-2024 Nijii |
 |
|
|
Topic Locked
